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During the current year, Crane Corporation expects to produce 10,000 units and has budgeted the following: net income $246,000; variable costs $738,000; and fixed costs

During the current year, Crane Corporation expects to produce 10,000 units and has budgeted the following: net income $246,000; variable costs $738,000; and fixed costs $287,000. Its investment in assets is $1,435,000. The companys budgeted ROI is 20%. What is its budgeted markup percentage using the full-cost approach?

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